ICICI Securities research reports

Premier Energies share price target

Premier Energies has one of the largest solar cell capacities in India & is likely to do well. Buy for target price of ₹1320 (33% upside): ICICI Securities

Arjun November 29, 2025

Premier has one of the strongest balance sheets and is likely to generate ~INR...

WeWork India share price target

WeWork India is a play on India’s strong office leasing and flex-space demand. Buy for target price of ₹914 (47% upside): ICICI Securities

Arjun November 23, 2025

WeWork is one of the few flexible workspace operators in India backed by a...

kalyankjil share price target

Kalyan Jewellers’ risk-reward turning favourable; structural story intact – upgrade to BUY for target price ₹670 (50% upside): ICICI Securities

Arjun September 30, 2025

Over the two last months, gold prices have risen by 15% (+42% YoY). Despite...

Godrej Agrovet share price target

Godrej Agrovet’s valuations underplay strong momentum over FY26-28E, material upside ahead. Buy for target price of ₹980 (42% upside): ICICI Securities

Arjun September 27, 2025

The stronger performance over FY24–25 (16%/19% PAT growth seen in FY24/FY25) has not really...

Brigade Hotel Ventures share price target

Brigade Hotel Ventures is an owner and developer of hotels in key cities in India. Buy for target price of ₹117 (43% upside): ICICI Securities

Arjun September 12, 2025

We initiate coverage of Brigade Hotel Ventures Ltd. (BHVL) with a BUY rating and...

Hitachi Energy share price target

Hitachi Energy is the best play on transmission tailwinds. Buy for target price of ₹24500 (18% upside): ICICI Securities

Arjun July 31, 2025

Hitachi Energy (Hitachi) reported an EBITDA of INR 1.5bn, thrice its base quarter last...

DCB Bank Share Price Target

DCB Bank is being re-oriented towards being customer-centric. Buy for target price of ₹175 (22% upside): ICICI Securities

Arjun June 17, 2025

We met Mr Praveen Kutty, MD&CEO of DCB Bank (DCB). Highlights: 1) Management is...

Vishal Mega Mart share price target

Vishal Mega Mart is well placed for sustained profitable growth. BUY for target price of ₹140 (32% upside): ICICI Securities

Arjun April 10, 2025

Vishal Mega Mart’s (VMM) private label strategy in FMCG (~27% of revenue) has been...